State of Connecticut

Changes in Fund Balances, Governmental Funds
Last Seven Fiscal Years
(Expressed in Thousands)
  2002 2003 2004 2005 2006 2007 2008
Revenues              
Taxes $8,278,340 $8,727,502 $9,742,801 $10,830,226 $11,836,809 $12,742,807 $13,014,886
Assessments   - 25,827 17,968 21,555 22,841 21,457
Licenses, Permits and Fees 551,369 524,998 515,049 530,148 536,468 531,636 550,025
Tobacco Settlement 139,968 137,915 116,578 118,321 108,619 113,691 141,347
Federal Grants and Aid 3,837,393 4,028,640 4,383,498 4,117,007 4,578,381 4,405,160 4,717,846
Charges for Services 61,047 92,922 98,225 95,683 108,797 101,270 100,143
Fines, Forfeits and Rents 71,039 99,909 138,619 189,525 107,115 37,183 73,444
Casino Gaming Payments 368,954 387,255 402,733 417,838 427,527 430,476 411,410
Investment Earnings 78,074 50,959 27,531 69,342 102,694 165,902 132,490
Miscellaneous 292,742 363,471 456,841 470,567 593,629 658,074 693,292
Total Revenues 13,678,926 14,413,571 15,907,702 16,856,625 18,421,594 19,209,040 19,856,340
Expenditures              
Legislative 76,595 77,307 84,272 86,006 91,733 97,383 104,160
General Government 1,326,900 1,115,263 1,056,469 1,167,476 1,305,571 1,722,376 1,626,024
Regulation and Protection 607,074 558,710 559,219 602,472 686,747 699,927 735,875
Conservation and Development 428,254 402,655 432,590 407,547 384,063 428,251 442,519
Health and Hospital 1,652,838 1,686,699 1,642,797 1,761,561 1,889,242 1,990,506 2,154,248
Transportation 576,857 537,797 527,326 573,035 648,628 1,010,056 1,190,650
Human Services 3,866,970 4,089,089 4,538,769 4,454,092 4,877,611 4,791,635 5,390,379
Education, Libraries, and Museums 2,981,859 3,042,345 3,091,136 3,324,865 3,813,549 3,982,868 6,307,070
Corrections 1,334,427 1,422,713 1,525,804 1,621,273 1,723,591 1,829,048 1,949,342
Judicial 532,774 546,154 532,784 627,602 648,274 692,392 754,223
Capital Projects 1,030,628 871,029 780,194 707,023 671,124 304,964 341,148
Debt Service:         -    
Principal 824,825 904,658 965,313 1,051,308 1,102,770 1,231,376 1,153,553
Interest 599,795 613,181 647,797 644,563 670,385 709,740 810,297
Total Expenditures 15,839,796 15,867,600 16,384,470 17,028,823 18,513,288 19,490,522 22,959,488
Revenues Over (Under) Expenditures (2,160,870) (1,454,029) (476,768) (172,198) (91,694) (281,482) (3,103,148)
Other Financing Sources (Uses) and Special Items              
Bonds Issued 1,621,001 1,804,145 1,395,545 1,278,110 1,362,145 1,253,345 3,688,623
Premiums on Bonds Issued 131,016 124,606 269,058 93,014 55,244 86,759 69,779
Transfers In 1,105,265 1,282,163 1,679,858 1,034,799 1,036,654 1,097,874 1,211,444
Transfers Out (1,763,439) (1,796,544) (2,098,625) (1,729,854) (1,750,539) (1,965,914) (1,993,489)
Refunding Bonds Issued 1,121,670 745,669 1,961,040 447,013 61,020 527,730 231,085
Payment to Refunded Bond Escrow Agent (1,204,925) (776,597) (2,146,469) (484,379) (65,473) (561,269) (241,560)
Capital Lease Obligations 6,989 1,077 - 27,628 - 117 437
Special Items:             -
Transfer of Loans to Component Unit - - (204,117) - - - -
Statutory Payment from Component Units - 100,000 17,500 15,000 - - -
Other - - 29,357 - - - -
Total Other Financing Sources (Uses) and Special Items 1,017,577 1,484,519 903,147 681,331 699,051 438,642 2,966,319
Net Change in Fund Balances $(1,143,293) $30,490 $426,379 $509,133 $607,357 $157,160 $(136,829)
Debt Service as a Percentage of              
Noncapital Expenditures 9.54% 10.24% 10.28% 10.34% 10.01% 10.48% 8.90%

Note: Due to changes in the State's fund structure initiated when GASB 34 was implemented, the changes in fund balance information is available beginning in FY 2002.